Deregistered firms to face money laundering probe – The Hindu

Daily Corruption News
4 July 2017

Today’s Top Story

BrazilBrazilian police arrest close ally of president as corruption crisis worsens

The GuardianBrazilian police have arrested a close ally of the country’s embattled president Michel Temer, just as he seemed to be marshalling forces to fight a corruption crisis that has shaken his administration to its foundations.

Other News


PodcastTalking justice: The unprecedented trial of Teodorin Obiang

Open Society Foundations (TI mention)

Three lakh more suspected shell companies to get show cause notice

Source: Deregistered firms to face money laundering probe – The Hindu

Rakesh Jhunjhunwala: Effect of GST is going to be far deeper than the tax itself: Rakesh Jhunjhunwala

Though there will be initial hiccups, the changes that the new tax regime will unleash will lead to a ‘forced morality and a willingness to pay taxes, he said.

Source: Rakesh Jhunjhunwala: Effect of GST is going to be far deeper than the tax itself: Rakesh Jhunjhunwala

What does PM Modi’s Israel visit mean to the Palestinians? » Indian Defence Review

Al Muqata’a, the headquarters of the Palestine National Authority, is not far from the King David Hotel where Prime Minister Narendra Modi would be staying during his visit to Israel. But these days, the 20-odd kilometres between the two places look like a light year, and both have travelled a significant distance from one another. What would the Palestinian leadership be thinking when the Indian leader is received with pomp and show and a guided tour by Prime Minister Benjamin Netanyahu himself?

Source: What does PM Modi’s Israel visit mean to the Palestinians? » Indian Defence Review

Courtesy: Ethical Alliance News

Ethical Alliance Daily News 

World: UAE’s ambassador to the US linked to 1MDB scandal: Wall Street Journal
Jul 03, 2017 08:00 pm

The United Arab Emirates ambassador to the US received US$66 million from offshore companies that investigators in the US and Singapore have said held funds syphoned from Malaysian state investment fund 1MDB, the Wall Street Journal reported. Citing court and…

India: Like Swachh Bharat, will clean up economy too: Modi on black money menace
Jul 03, 2017 07:30 pm

Warning of stringent action against black money hoarders, Prime Minister Narendra Modi on Saturday said 37,000 shell companies indulging in tax evasion have been detected and more than 300,000 firms are under the scanner for suspicious dealings after demonetisation. He…

Israel: Israel’s ex-PM Olmert granted early release from prison in corruption case
Jul 03, 2017 07:00 pm

Israeli ex-prime minister Ehud Olmert was freed from prison on Sunday after being granted parole in a corruption case that reduced his sentence by a third. Olmert, the country’s first former premier to serve jail time, did not speak to…

Malaysia: Stop delaying and let corruption trial proceed, Guan Eng told
Jul 03, 2017 06:30 pm

Lim Guan Eng (pic) should be brave to face his corruption case head-on, said the Barisan Nasional Strategic Communications (BNSC) team on the first anniversary of the Penang Chief Minister being charged with two counts of corruption. BNSC deputy director…

South Africa: KZN water utility CEO leaves on a clean slate
Jul 03, 2017 06:00 pm

Despite being cleared of wrongdoing‚ Cyril Gamede‚ the embattled Umgeni Water CEO against whom a litany of allegations of graft was levelled‚ has severed ties with the water utility‚ it was announced on Saturday morning. However‚ the anonymous writer‚ who…

China: Former deputy head of state asset regulator under investigation: graft watchdog
Jul 03, 2017 05:30 pm

China has removed the deputy head of its state asset regulator over serious disciplinary violations but stopped short of expelling him from the ruling Communist Party, the government’s anti-graft watchdog said on Monday. The full original article can be found…
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